Shares now up at $132.49 (ZBH) Zimmer Biomet Reports Certain…
17 Juillet, 2017, 20:54 | Author: Marc Bacque
Atlanta Capital Management Co Llc acquired 6,562 shares as White Mtns Ins Group Ltd (WTM)'s stock declined 5.46%. The value of the company's investment in Zimmer Biomet Holdings, Inc. went from $16,215,000 to $16,972,000 a change of 4.7% since the last quarter.
Zimmer Biomet shares closed up about 2.1 percent at $128.98 in afternoon trading on the New York Stock Exchange. Nordea Investment Management AB raised its position in shares of Zimmer Biomet Holdings by 25.0% in the first quarter. Raymond James Trust N.A. now owns 8,985 shares of the medical equipment provider's stock valued at $1,097,000 after buying an additional 31 shares in the last quarter. Levin Capital Strategies L.P. now owns 556,036 shares of the medical equipment provider's stock worth $57,383,000 after buying an additional 164,132 shares during the period. Pacad Investment Ltd. purchased a new position in Zimmer Biomet Holdings during the fourth quarter worth approximately $317,000. Finally, BMO Capital Markets reissued a "buy" rating and issued a $136.00 price target on shares of Zimmer Biomet Holdings in a report on Tuesday, July 11th.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Investors looking further ahead will note that the Price to next year's EPS is 33.30%. Zacks downgraded the shares of ZBH in report on Friday, August 28 to "Buy" rating.
The stock last traded at $132.49 barely above $123.43, the 50 day moving average and which is just a bit higher than the 200 day moving average of $117.75.
Analysts are speculating a 18.5% move, based on the high target price ($157) for the shares that is set to reach in the next 12 months. The firm has a market capitalization of $26.72 billion, a PE ratio of 54.23 and a beta of 1.21.
Zimmer Biomet Holdings (NYSE:ZBH) last issued its earnings results on Thursday, April 27th. First Manhattan Co. now owns 2,565,370 shares of the medical equipment provider's stock valued at $333,549,000 after buying an additional 305,668 shares in the last quarter.
06/07/2017 - Zimmer Biomet Holdings, Inc. had its " rating reiterated by analysts at Citigroup. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the business posted $2.00 earnings per share. Breaking that down further, it has performed 4.23% for the week, 5.49% for the month, 10.84% over the last quarter, 15.78% for the past half-year and 4.91% for this a year ago. The medical equipment provider reported $2.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $2.11 by $0.02.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Wednesday, June 21st. Zimmer Biomet Holdings's payout ratio is 39.67%. Zimmer Biomet Holdings, Inc. "(NYSE:ZBH) Stake Boosted by Stratos Wealth Partners LTD." was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece on another website, it was stolen and republished in violation of United States and global trademark and copyright law. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/07/17/zimmer-biomet-holdings-inc-nysezbh-rating-reiterated-by-piper-jaffray-companies.html. Stifel Nicolaus reaffirmed a "hold" rating and issued a $125.00 target price on shares of Zimmer Biomet Holdings in a research report on Friday. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $140.00 target price on shares of Zimmer Biomet Holdings in a research report on Friday. Canaccord Genuity reissued a "buy" rating and set a $141.00 price target on shares of Zimmer Biomet Holdings in a research report on Friday. Zimmer Biomet Holdings has a consensus rating of "Buy" and a consensus target price of $137.19. Last month, Sang Yi, the President of ZBH sold 17,731 shares for a total of $2,208,490. Also, insider David C. Dvorak sold 87,331 shares of the company's stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $116.76, for a total transaction of $723,912.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,262 shares of company stock worth $13,103,927.
Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $19,711 activity.
Zimmer Biomet Holdings, Inc. designs, manufactures and markets orthopaedic reconstructive products, sports medicine, extremities and trauma products; craniomaxillofacial and thoracic products; dental implants; and related surgical products.
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